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Per-Mile Premiums for Auto Insurance
Edlin, Aaron S. - 2008
accidents. This paper begins by developing a model of the relationship between driving and accidents that formalizes Vickrey …, and congestion reductions that could be expected from switching to other insurance pricing systems. Under a competitive …
Persistent link: https://www.econbiz.de/10012774891
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Does Private Information Influence Automobile Insurance Purchase Decisions?
Sloan, Frank A. - 2018
This study quantifies the importance of private information, separates the extent to which the positive correlation between the accident probability and insurance coverage reflects adverse selection and moral hazard, and analyzes market segmentation on objective accident risk. We use data we...
Persistent link: https://www.econbiz.de/10012937672
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Rate Regulation and the Industrial Organization of Automobile Insurance
Suponcic, Susan J.; Tennyson, Sharon L. - 2021
This paper analyzes the impact of rate regulation on the structure of insurance markets for private passenger automobile insurance. The paper argues that states' restrictions on automobile insurers' rates of return will distort the structure of the market by distorting insurers' entry and output...
Persistent link: https://www.econbiz.de/10013225572
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Estimating Risk Preferences from Deductible Choice
Cohen, Alma; Einav, Liran - 2021
We use a large data set of deductible choices in auto insurance contracts to estimate the distribution of risk preferences in our sample. To do so, we develop a structural econometric model, which accounts for adverse selection by allowing for unobserved heterogeneity in both risk (probability...
Persistent link: https://www.econbiz.de/10013231443
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The Effect of Automobile Insurance and Accident Liability Laws in Traffic Fatalities
Cohen, Alma; Dehejia, Rajeev H. - 2021
This paper investigates the incentive effects of automobile insurance, compulsory insurance laws, and no-fault liability laws on driver behavior and traffic fatalities. We analyze a panel of 50 U.S. states and the District of Columbia from 1970-1998, a period in which many states adopted...
Persistent link: https://www.econbiz.de/10013211636
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The Causes and Consequences of Rate Regulation in the Auto Insurance Industry
Russell, Thomas; Jaffee, Dwight M. - 2022
This paper examines various explanations for the increase in the degree of regulation of the auto industry in the last ten years. Using cross section data for the State of California, the paper confirms earlier findings for the State of Massachusetts that the demand for auto insurance is highly...
Persistent link: https://www.econbiz.de/10013322885
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The Accident Externality from Trucking
Muehlenbachs, Lucija - 2017
The presence of a heavy truck on the road can impose an externality if accidents occur that would not have otherwise …
Persistent link: https://www.econbiz.de/10012948074
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Productivity in the Transportation Sector
Gordon, Robert J. - 2007
productivity (MFP) growth in the transportation industry over the postwar period, 1948-87. Official data on output and employment … data reduce the magnitude of the post-1973 productivity slowdown in transportation MFP growth from a previously reported 2 … airports, air traffic control, and highways, do not change appreciably the pattern of postwar MFP growth in transportation …
Persistent link: https://www.econbiz.de/10012778843
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What's Driving Entrepreneurship and Innovation in the Transport Sector?
Choe, Derrick; Oettl, Alexander; Seamans, Robert - 2022
innovative activities in the transportation and warehousing sector of the U.S. economy. We suggest multiple avenues for future …
Persistent link: https://www.econbiz.de/10013308125
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Making Friends with Your Neighbors? Agglomeration and Tacit Collusion in the Lodging Industry
Gan, Li - 2011
Agglomeration is a location pattern frequently observed in service industries such as hotels. This paper empirically examines if agglomeration facilitates tacit collusion in the lodging industry using a quarterly dataset of hotels that operated in rural areas across Texas between 2003 and 2005....
Persistent link: https://www.econbiz.de/10013130967